The Long & Foster Market Minute

Focus On: Baltimore County Housing Market December 2017

Units Sold
865
Active Inventory
2,260
Median Sale Price
$235,000
Days On Market
54
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -6%
Vs. Year Ago
Down -23%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 865 sold this month in Baltimore County Real Estate versus 854 last month, an increase of 1%. This month's total units sold was lower than at this time last year, a decrease of 6% versus December 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 660 units or 23%. The total number of active inventory this December was 2,260 compared to 2,920 in December 2016. This month's total of 2,260 is lower than the previous month's total supply of available inventory of 2,691, a decrease of 16%.

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Median Sale Price
Last December, the median sale price for Baltimore County Homes was $225,000. This December, the median sale price was $235,000, an increase of 4% or $10,000 compared to last year. The current median sold price is 2% higher than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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New Listings
657
Current Contracts
685
Sold Vs. List Price
97.3%
Months of Supply
2.6
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -11%
Vs. Year Ago
Up 15%
Vs. Year Ago
No Change
Vs. Year Ago
Down -18%
Vs. Year Ago

Months of Supply
In December, there was 2.6 months of supply available in Baltimore County, compared to 3.2 in December 2016. That is a decrease of 18% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

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New Listings & Current Contracts
This month there were 657 homes newly listed for sale in Baltimore County compared to 737 in December 2016, a decrease of 11%. There were 685 current contracts pending sale this December compared to 594 a year ago. The number of current contracts is 15% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Baltimore County was 97.3% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 54, lower than the average last year, which was 57, a decrease of 5%.

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The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.